Business

Business

New industrial park development announced for Olathe

The Opus Group will build a 205,000-square-foot speculative industrial building, named 56 Commerce Center, at Old 56 Highway and Lone Elm Road in Olathe. The multi-tenant facility will be located on a 56-acre site near Interstate 35, and is scheduled to open in January 2017.

Technology

Sprint to reclaim some employees as Ericsson contract ends

Sprint’s chief technology officer John Saw wrote in a blog post that only parts of the network deal with Ericsson will be extended when it expires in September. It means some employees will return to Sprint’s payroll. When the deal was struck, about 6,000 Sprint employees, including 2,000 in the Kansas City area, essentially switched to Ericsson, but Saw and the company are offering no indication of how many jobs would return.

Technology

Garmin reports a big jump in profits

Garmin reported second-quarter earnings of $161.1 million, driven by double-digit sales growth in its fitness and outdoor product lines. The Swiss company, which has its operating headquarters in Olathe, said its profit amounted to 85 cents per share for the three months that ended June 25. That compares to 72 cents per share a year earlier, when the company earned $137.8 million.

Business

UMB reaches $10 billion in loans as profits jump 23 percent

The Kansas City-based banking company said it earned $37.3 million, or 76 cents a share, in the second quarter, compared with $30.2 million, or 65 cents a share, a year earlier. Its profits grew from higher interest earnings on loans and securities as well as higher fee income and similar income.

Videos

Meet the neighbors: Sprint welcomes employees new to Kansas City with a party

Sprint has brought 100 families to the Kansas City area by hiring new employees from all over the world. On Saturday, they got a welcome party from CEO Marcelo Claure. "It gives me a chance to meet their families," he said. "I think Monday when we all come back to work, we're a happier family and we're all more energized."
Mark Davis The Kansas City Star
Meet the neighbors: Sprint welcomes employees new to Kansas City with a party 2:30

Meet the neighbors: Sprint welcomes employees new to Kansas City with a party

Veolia plant goes 'green' in downtown Kansas City 1:03

Veolia plant goes 'green' in downtown Kansas City

Kansas names director of drones 2:37

Kansas names director of drones

Heart to Heart sends mobile medical unit to Republican National Convention 2:08

Heart to Heart sends mobile medical unit to Republican National Convention